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(Reuters) -Chinese e-commerce company PDD Holdings missed Wall Street estimates for first-quarter revenue on Tuesday, as its ...
The company is in the crosshairs of President Donald Trump’s tariffs on imports, particularly from China, which specializes ...
Chinese e-commerce firm PDD Holdings missed Wall Street estimates for first-quarter revenue on Tuesday, as its domestic ...
Both Pinduoduo and global site Temu leverage PDD's extensive network of suppliers in China to provide products at low prices.
The reading of sour consumer sentiment marked the fifth consecutive ... including bargain retailers Temu and Shein. MORE: Trump's tariffs roiled markets but data shows a solid economy.
US consumer sentiment rebounded in late May from one of the lowest readings on record earlier in the month and long-term ...
It’s unclear whether the shift away from Temu and Shein will continue. It depends largely on how consumer sentiment fares over the next few weeks and whether the “de minimis” tariff remains ...
Sentiment ended a four-month slide in May amid changing U.S. tariff policy, but the survey showed that consumers are still ...
Consumers see the outlook for the economy as no worse at the end of May than they did in April. But they are worried about ...
Consumers showed signs of weakness last month as retail sales slowed, indicating shoppers may be pulling back as they await ...
as its domestic platform Pinduoduo suffered from weak consumer sentiment while its international business Temu was hit by uncertain global trade policies. The US-listed shares of the company fell ...